Corporate Announcement
Security Code : 500271    Company : MFSL    
Additional Stake In Max Life Insurance Company LimitedDownload PDF Download XBRL
  Exchange Received Time  23/03/2018 11:53:51         Exchange Disseminated Time   23/03/2018 11:53:55              Time Taken   00:00:04
In terms of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Company has acquired 0.74% additional stake in its subsidiary company, Max Life Insurance Company Limited ('Max Life'), comprising 14,170,817 equity shares of Rs. 10/- each from Axis Bank Limited, for a consideration of approx Rs.153.33 crores.

Accordingly, the shareholding of the Company in Max Life stands increased to 70.75%.


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